“Power of Community” themed event showcases success of the Avantax Community, and the company’s focus on helping Financial Professionals grow their businesses

DALLAS, Nov. 30, 2022 (GLOBE NEWSWIRE) -- “Power of Community” drove the Avantax Wealth Management® National Conference 2022 in Atlanta, where the firm hosted 1,100 independent Financial Professionals, Wealth Management Assistants, Home Office staff, and Educational Partners.

Avantax President Todd Mackay welcomed attendees, in a discussion about the power of the Avantax Community attributes – sharing a common vision, spirit of collaboration, and a commitment to engagement – that are driving Avantax success, including some results never before achieved by the organization.

“It was a great privilege for me to stand before so many Avantax Community members and share with them that Avantax is stronger now than ever in our history,” Mackay said. “Because of the way our Financial Professionals, Wealth Management Assistants, Home Office staff, and Educational Partners engage with and support each other, we’re experiencing success unlike we’ve seen in the 30-year history of our organization.”

Mackay provided a number of examples of Avantax Community’s success, including:

• Year-to-date net asset flows of $810 million, the highest since at least 2015

• Operational and processing efficiencies leading to the lowest NIGO (not in good order) rates in Avantax history

• Avantax processing times for items in good order is less than one day

• A record level of tax-focused Financial Professionals joining Avantax from our competitors

• Avantax Financial Professional sentiment, as measured in semi-annual surveys, has risen 30 percentage points over the last two years.
  

Mackay added: “In addition to our shared vision of profoundly impacting the way Americans plan and invest, Avantax and its Financial Professionals bring a unique, differentiated value proposition to their clients and the industry overall. The immense amount of collaboration I witnessed during our National Conference is the true power of the Avantax Community and it evidences our unique family culture.”

In addition to presentations from Avantax leadership about current and future plans for technology, client services and investment solutions, attendees heard about a new coaching program driven by elite, highly successful Avantax advisors designed to help growth-minded firms get to the next level. Additionally, a revamped, national “Growth through Community” Program of regional meetings was unveiled with the goal of connecting members of the Avantax Community who seek both business and professional growth.